TORONTO, June 7 (Reuters) - The Canadian dollar hit its
strongest level against the U.S. dollar since mid-May on Friday
after data showed the Canadian economy added a robust 95,000
jobs last month.

The stellar performance beat market expectations for a
15,000 gain and was the largest monthly addition of new jobs in
11 years.

The more globally significant U.S. non-farm payrolls report
released at the same time showed modest growth roughly in line
with market expectations.

"It's tough to imagine a better combination for the Canadian
dollar. You've got a U.S. economy that's still growing
relatively healthily, not as well as everybody would hope for,
but a decent U.S. number and a spectacular Canadian number,"
said Doug Porter, chief economist at BMO Capital Markets.

"It really doesn't get any better than that for the Canadian
dollar," he said.
Continued...